The largest fish market in the southern hemisphere has hit back at claims it is close to financial collapse.
The sydney Fish Market (SFM), responding to reports it was confronting an $8m loss for 2023-24 and had allegedly brought in insolvency experts, stated bluntly it remained a viable business.
âSydney Fish Market refutes claims that it is close to insolvency,â an SFM spokeswoman told NewsWire on Thursday afternoon.
âIt is taking longer than anticipated to finalise our financial report, due to extenuating circumstances related to the once in a generation transition to the new Sydney Fish Market.
âWe are finalising the financial report with the appropriate level of due diligence. It will be lodged this quarter.â
The SFM is a private company jointly held by the Catchers Trust of NSW, which represents the stateâs commercial fishermen, and the Sydney Fish Market Tenants and Merchants, which represents the marketâs sellers.
The company posted a $6.3m loss for 2022-23.
The companyâs financial statements for 2023-24 have not yet been published, three months after the reporting deadline, but the company stressed it was âbusiness as usualâ at the legendary auction site and retail zone.
âIt is business as usual at SFM…
